I have finally decided to take the leap of faith and sell real estate, I am very comfortable with commercial side of it and just learning the residential side of sales rather than leasing.My hold up is knowing which agency to sign up with to maximize my profits and success.

@Mo Muigai,You need to ask your money partner what they want/need to feel comfortable in the deal.

I would shoot for as high of leverage as you are comfortable.

Keep in mind, you'll need bids from 3 or more GCs as part of the 203K project so find a few you're comfortable with.

The bank can / may approve you with this contingency if the debt to income is too close for their comfort.

Are you comfortable with it sitting on the market?

I'm glad to hear I can get into this market from the comfort of Chicago.

Maybe after a few deals, your agent will be more comfortable with the fact that you will bring them repeat business so you can talk about lowering it half a percent. 

But if you really want to get ahead and make a comfortable life for yourself and your family, that's not how to do it. 

The advanatge is that most tenants are familiar with the forms and therefore comfortable.